APECA — Programme de développement des entreprises — composante non commerciale ### 📋 Eligible Entities - Small and medium-sized enterprises (SMEs) in Atlantic Canada (Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador) - New business startups - Sole proprietorships and partnerships - Corporations (private and public) - Cooperatives - Businesses operating in non-commercial sectors or community-focused initiatives - Enterprises demonstrating community or social benefit objectives ### 💰 Funding Details - Maximum Contribution: Up to 50% of capital requirements needed - Repayment Structure: Interest-free repayable funding (loan-based) - Security Requirements: Non-guaranteed (no collateral required) - Matching Requirement: Applicant must secure or contribute the remaining 50% of capital from other sources - Loan Terms: To be determined based on project viability and cash flow projections ### 🛠️ Approved Expenses - Business growth and expansion capital - Startup costs for new enterprises - Technology adoption and digital transformation - E-commerce development and online business infrastructure - Equipment and machinery purchases - Working capital for operational growth - Professional development services - Consulting and advisory services ### ⚠️ Conditions & Milestones - Applicant must demonstrate matching funding of at least 50% from personal investment, bank financing, or other sources - Detailed business plan required - Project must be viable and demonstrate clear growth potential - Repayment schedule must be established based on projected cash flow - Regular reporting and milestone tracking required throughout funding period - Funds must be deployed within agreed timeline - Ongoing compliance with APECA program requirements - Project must support economic development in Atlantic Canada region